Benzinga's Top Ratings Upgrades, Downgrades For January 19, 2023

Upgrades

For International Business Machines Corp (NYSE:IBM), MoffettNathanson upgraded the previous rating of Underperform to Market Perform. For the third quarter, IBM had an EPS of $1.81, compared to year-ago quarter EPS of $2.52. The stock has a 52-week-high of $153.21 and a 52-week-low of $115.55. At the end of the last trading period, IBM closed at $140.41.

According to UBS, the prior rating for CureVac NV (NASDAQ:CVAC) was changed from Neutral to Buy. At the moment, the stock has a 52-week-high of $24.18 and a 52-week-low of $5.63. CureVac closed at $9.48 at the end of the last trading period.

According to Keybanc, the prior rating for Chegg Inc (NYSE:CHGG) was changed from Sector Weight to Overweight. Chegg earned $0.21 in the third quarter, compared to $0.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $37.64 and a 52-week-low of $15.66. Chegg closed at $20.38 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For VF Corp (NYSE:VFC), Williams Trading downgraded the previous rating of Hold to Sell. For the second quarter, VF had an EPS of $0.73, compared to year-ago quarter EPS of $1.11. At the moment, the stock has a 52-week-high of $72.31 and a 52-week-low of $25.05. VF closed at $30.06 at the end of the last trading period.

According to Canaccord Genuity, the prior rating for Alamos Gold Inc (NYSE:AGI) was changed from Buy to Hold. In the third quarter, Alamos Gold showed an EPS of $0.07, compared to $0.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $11.38 and a 52-week-low of $6.35. Alamos Gold closed at $10.75 at the end of the last trading period.

Canaccord Genuity downgraded the previous rating for Newmont Corp (NYSE:NEM) from Buy to Hold. In the third quarter, Newmont showed an EPS of $0.27, compared to $0.60 from the year-ago quarter. The stock has a 52-week-high of $86.37 and a 52-week-low of $37.45. At the end of the last trading period, Newmont closed at $51.53.

According to Stifel, the prior rating for HireRight Holdings Corp (NYSE:HRT) was changed from Buy to Hold. The current stock performance of HireRight Holdings shows a 52-week-high of $18.95 and a 52-week-low of $6.88. Moreover, at the end of the last trading period, the closing price was at $11.63.

For Inotiv Inc (NASDAQ:NOTV), Jefferies downgraded the previous rating of Buy to Hold. For the fourth quarter, Inotiv had an EPS of $0.32, compared to year-ago quarter EPS of $0.06. At the moment, the stock has a 52-week-high of $42.63 and a 52-week-low of $3.65. Inotiv closed at $7.57 at the end of the last trading period.

According to Evercore ISI Group, the prior rating for TE Connectivity Ltd (NYSE:TEL) was changed from Outperform to In-Line. TE Connectivity earned $1.88 in the fourth quarter, compared to $1.69 in the year-ago quarter. The stock has a 52-week-high of $160.85 and a 52-week-low of $104.76. At the end of the last trading period, TE Connectivity closed at $123.29.

Morgan Stanley downgraded the previous rating for Roblox Corp (NYSE:RBLX) from Equal-Weight to Underweight. For the third quarter, Roblox had an EPS of $0.50, compared to year-ago quarter EPS of $0.13. The stock has a 52-week-high of $82.45 and a 52-week-low of $21.65. At the end of the last trading period, Roblox closed at $35.76.

See all analyst ratings downgrades.

Initiations

Benchmark initiated coverage on Patterson-UTI Energy Inc (NASDAQ:PTEN) with a Hold rating. For the third quarter, Patterson-UTI Energy had an EPS of $0.28, compared to year-ago quarter EPS of $0.44. At the moment, the stock has a 52-week-high of $20.53 and a 52-week-low of $8.77. Patterson-UTI Energy closed at $16.11 at the end of the last trading period.

With a Buy rating, Benchmark initiated coverage on Valaris Ltd (NYSE:VAL). The price target seems to have been set at $95.00 for Valaris. Valaris earned $0.98 in the third quarter, compared to $0.73 in the year-ago quarter. The stock has a 52-week-high of $76.14 and a 52-week-low of $36.55. At the end of the last trading period, Valaris closed at $72.03.

Northland Capital Markets initiated coverage on Tempo Automation Holdings Inc (NASDAQ:TMPO) with an Outperform rating. The price target for Tempo Automation Holdings is set to $3.00. The stock has a 52-week-high of $15.15 and a 52-week-low of $0.70. At the end of the last trading period, Tempo Automation Holdings closed at $1.76.

For GE HealthCare Technologies Inc (NASDAQ:GEHC), Redburn Partners initiated coverage, by setting the current rating at Buy. At the moment, the stock has a 52-week-high of $66.52 and a 52-week-low of $53.50. GE HealthCare Techs closed at $62.08 at the end of the last trading period.

Benchmark initiated coverage on SLB (NYSE:SLB) with a Buy rating. The price target for SLB is set to $65.00. In the third quarter, SLB showed an EPS of $0.63, compared to $0.36 from the year-ago quarter. At the moment, the stock has a 52-week-high of $59.45 and a 52-week-low of $30.65. SLB closed at $57.13 at the end of the last trading period.

Benchmark initiated coverage on Inflection Point Acquisition Corp (NASDAQ:IPAX) with a Buy rating. The price target for Inflection Point Acq is set to $14.00.

Wells Fargo initiated coverage on Corteva Inc (NYSE:CTVA) with an Overweight rating. The price target for Corteva is set to $78.00. For the third quarter, Corteva had an EPS of $0.12, compared to year-ago quarter EPS of $0.14. The stock has a 52-week-high of $68.43 and a 52-week-low of $43.74. At the end of the last trading period, Corteva closed at $61.51.

Wells Fargo initiated coverage on The Mosaic Co (NYSE:MOS) with a Equal-Weight rating. The price target for Mosaic is set to $47.00. Mosaic earned $3.22 in the third quarter, compared to $1.35 in the year-ago quarter. The stock has a 52-week-high of $79.28 and a 52-week-low of $37.08. At the end of the last trading period, Mosaic closed at $47.06.

See all analyst ratings initiations.

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